EMS upside

I participated quite heavily in the recent EMS rights issue and will be continuing to buy EMS in the future, especially at the current low price.

With a market cap of ~$2.5m, a bit shy of ~$2m in cash and excellent projects with resources and/or exploration targets identified, its a no brainer that the share price will eventually re-rate. What might that look like? Well, a market cap of $20m (which should be absolutely achievable in the short term) on current SOI would support a share price of ~$0.25. ~$50m market cap (and I'd suggest the projects support that now ...) on current SOI would support a share price of ~$0.50. You get the picture; this is inexact math but my point is the company is absolutely ripe for a really big re-rate as the projects are advanced.

For me, the Cobar Projects are a standout, go checkout the recent presentation ... including the sections on Browns Reef pages 8 and 9 etc. For those willing to be patient and see this through I expect it will be really rewarding.